abrdn plc Sells 817 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

abrdn plc trimmed its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,510 shares of the semiconductor company’s stock after selling 817 shares during the quarter. abrdn plc owned about 0.10% of Axcelis Technologies worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in Axcelis Technologies by 78,037.4% during the fourth quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock valued at $54,649,000 after purchasing an additional 781,154 shares during the period. Boston Trust Walden Corp bought a new position in shares of Axcelis Technologies during the 3rd quarter valued at $53,099,000. Reinhart Partners LLC. boosted its stake in shares of Axcelis Technologies by 50.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock worth $72,393,000 after buying an additional 348,504 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Axcelis Technologies by 157.1% in the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock worth $28,694,000 after acquiring an additional 167,235 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in Axcelis Technologies during the third quarter valued at $13,874,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ACLS shares. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum reduced their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Axcelis Technologies Trading Up 5.8 %

NASDAQ:ACLS opened at $67.58 on Tuesday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.39 and a beta of 1.52. Axcelis Technologies, Inc. has a 52 week low of $63.08 and a 52 week high of $158.61. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $71.47 and a 200 day moving average of $88.83.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. As a group, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current fiscal year.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.